Fossil fuel global grip being loosened by holy trinity of affordable PV, wind and storage, finds BNEF
‘Unprecedented challenge’ for fossil fuels as low LCOE for solar and wind power, allied to tumbling storage costs, sees renewables claim a larger share of bulk and dispatchable generation while adding vital flexibility to the global energy mix.
Mahindra, Ford sign MoU to co-develop electric vehicle model
Mahindra & Mahindra Ltd and Ford has signed a memorandum of understanding (MoU) to co-develop electric vehicles for India and emerging markets. To support Mahindra’s EV roadmap, the company had signed an agreement with LG Chem for its lithium-ion batteries.
Indian government to incentivize battery manufacturing industry
RK Singh chairs meeting with battery manufacturers, urges them to set up battery manufacturing units in India. He assures that all possible efforts from the government for setting up the facilities will be made.
BHEL to manufacture Lithium-ion cells
Bharat Heavy Electricals Ltd has signed a technology transfer with ISRO for the manufacturing of Space Grade Lithium-ion cells. Once established, the company will further extend it to storage and e-mobility market.
IHS Markit White Paper identifies eight global solar and energy storage market trends to watch
Annual solar installations grew almost 20% year over year in 2017, and the solar industry is also edging within 100 gigawatts, a milestone the industry will reach this year, according to IHS Markit, a world leader in critical information, analytics and solutions.
Panasonic begins supply of prismatic-type automotive Li-ion batteries, unveils new storage solution in India
Panasonic’s Chinese factory has started the mass production and global supply of prismatic-type automotive lithium-ion (Li-ion) batteries. Its Indian subsidiary, Panasonic India, meanwhile has launched a new energy storage solution, CBPS 8000, for telecom towers at the Elecrama 2018 exhibition, currently taking place in India.
India launches national electric mobility program, aims at 30% electric fleet by 2030
India has revised its e-mobility policy, and now aims to reach 30% electric of total fleet by 2030. MNRE head, RK Singh launched the program and informed about the tender for 10,000 electric vehicles (EVs) to be released tomorrow. He invites industry players to invest in EV manufacturing and batteries, and work for ‘Healthier World.’
Berkeley Lab scientists confirm century-old theory of high performance batteries
Researchers in the U.S. have confirmed the existence of a novel state of the element manganese, first proposed in a journal dating from 1928, which could allow for the development of low-cost, high performance batteries for grid level, and other energy storage applications.
NLC India issues tenders for Andaman storage project, $394 million in finance for 709 MW Tamil Nadu PV project
Neyveli Lignite Corporation India Ltd (NLCIL) has re-tendered the 2 x 10 MW grid-connected solar PV power project with the reduced 8 MWh battery energy storage capacity. It has also invited bids to lend INR 25.52 billion ($394 million) in finance required for the proposed 709 MW solar project in Tamil Nadu state.
Government makes surprising u-turn on electric vehicle policy
Minister for road transport Nitin Gadkari drops plans to introduce national policy to support growth of electric vehicles in surprising reversal on earlier ambitions.
